Young Premier Takes Initiatives to Boost Country's Growth and Competitiveness

ROME—Prime Minister Matteo Renzi presented a new round of reforms Friday, including a much-awaited decree aimed shaking up Italy's rigid judicial system, as the young premier seeks to maintain the momentum of his plans to tackle the country's myriad problems.

After a short summer break, the government of Mr. Renzi, 39 years old, also approved measures to ignite investment in Italy's dilapidated infrastructure and stop the hemorrhaging of money in local authorities. However, the government put off a plan until next week to...